peak oil

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What If There Isn't Enough Energy Going Forward?

We'll be forced to live with less. Maybe a LOT less.
Friday, August 24, 2018, 7:09 PM

Currently the media is breathlessly cheering the record amounts of US oil production.

Technology advances in the fracking process have enabled the "shale miracle", resulting in the US producing over 10 million barrels per day for the first time since the 1970s. Think of all the incremental GDP growth that excess oil will power! » Read more

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Peak Prosperity

REMINDER: Energy Predicament Webinar Is This Coming Sunday

Have you registered yet?
Monday, August 20, 2018, 7:10 PM

Just a reminder of our upcoming webinar focused on where we are in the energy story (i.e., how quickly is EROEI declining and what will a future of lower net energy be like?)

It will take place this coming Sunday, August 26 at 4pm ET/1pm PT» Read more

Blog

Satansgoalie

America The Insolvent

A reckoning is due. One the elites are already readying for.
Friday, July 20, 2018, 12:37 PM

We don’t have much time left to get prepared.

Yes, it’s rare for things to suddenly fall apart overnight -- so if you're playing the odds, we probably have a few years left before the status quo as we know it begins to break down. Maybe until 2020; possibly to 2023. But not much longer after that.

The trends are just too severe. And they're building up steam. » Read more

Podcast

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Art Berman: Think Oil Is Getting Expensive? You Ain't Seen Nothing Yet.

A global supply crunch approaches...
Tuesday, May 29, 2018, 11:28 AM

After issuing clear warnings on this program that sub-$50 oil prices were going to be short-lived, oil expert and geological consultant Art Berman returns to the podcast this week to explain why today's $70 oil prices will go higher -- likely much higher -- and start materially contricting world economic growth.

Art explains how the current glut of oil created by the US shale boom -- along with high crude output by both OPEC and non-OPEC  producers -- is a temporary anomaly. Fundamentally, we are not finding nearly as much oil as we need to continue the trajectory of the global demand curve. And at the same time, we're extracting our reserves at a faster rate than ever. That's a mathematical recipe for a coming supply crunch -- it's not a matter of if, but when.

Click the play button below to listen to Chris' interview with Art Berman (60m:06s). » Read more

Podcast

PeakProsperity.com

Dr. Charles Hall: The Laws Of Nature Trump Economics

It's all about Energy Return On Energy Invested (EROEI)
Monday, March 5, 2018, 1:59 PM

Dr. Charles Hall may not be a name you instantly recognize, but it should be.

Now a Professor Emeritus of the College of Environmental Science and Forestry, Dr. Hall is a rigorous researcher of energy, oil, biophysical economics -- and was a critical early pioneer in developing the key resource metric of Energy Returned On Energy Invested (EROEI).

After a life's career of looking at the world through the lens of EROEI, Hall is very concerned that, as a global society, we are hurtling towards an energy crisis that will forcefully (and likely painfully) downshift our standard of living within the lifetime of the current generation. » Read more

Podcast

Jeffrey J. Brown: Hurricanes & US Oil Production

Estimating the impact of Harvey (and Irma, and...)
Tuesday, September 5, 2017, 11:13 AM

Hurricane Harvey took offline over 50% of Texas' refining capacity and shut down large percentage of the wells in the major Eagle Ford shale play.

This week, Hurricane Irma threatens to deliver a similar massive punch to the oil patch in the Gulf.

To discuss the ramifications from these storms on the oil markets, geoscientist and oil explorer Jeffrey Brown returns to the podcast. He calculates that Harvey alone will have long-lasting effects such as lingering supply shortages, but his greater focus is attuned to the growing validation of his Export Land Model, which calculates the rate at which oil-producing nations cease to become net exporters as their domestic consumption increases. Since it's formulation in 2005, more and more countries have switched from being net-exporters to net-importers, and the data in aggregates is strongly suggestive of a flat-lining in world oil production -- the consequences of which are immense. » Read more

Podcast

Lightspring/Shutterstock

Art Berman: Don't Get Used To Today's Low Oil Prices

They're a temporary anomaly. Higher prices are ahead.
Sunday, May 7, 2017, 3:00 PM

Oil expert and geological consultant Art Berman returns to the podcast this week to address head-on the question: Was the Peak Oil theory wrong? With the world "awash" in sub-$50 per barrel oil, were all the warnings about persistently higher future oil prices just a bunch of alarmist hand-wringing?

In a word: No.

Art explains how the current glut of oil created by the US shale boom -- along with high crude output by both OPEC and non-OPEC  producers -- is a temporary anomaly. Fundamentally, we are not finding nearly as much oil as we need to continue our demand curve; and at the same time, we are extracting our reserves at a faster rate than ever. That's a mathematical recipe for a coming supply crunch. It's not a matter of if, but when. » Read more

Insider

Fight Cage

It's time we stop being the victims in this experiment
Tuesday, February 7, 2017, 12:51 PM

To my eye, society is fraying apart. People are confused, angry, isolated, and increasingly willing to fight each other. Formerly peaceful resistance is turning into violence. Our baser emotions like fear, anger -- rage, even-- are now bubbling at the surface.

It's entirely reasonable for people to be experiencing such emotions right now. But in most cases, their anger is misdirected. » Read more

Podcast

Yann Arthus/National Geographic Society

James Howard Kunstler: The World's Greatest Misallocation Of Resources

And why we appear poised to repeat it
Sunday, January 22, 2017, 2:11 PM

James Howard Kunstler returns to the podcast this week, observing that despite the baton being handed to a new American president, the massive predicaments we face as a society remain the same. And it seems the incoming administration is just as in denial of them as the old.

Kunstler adds fresh critique to his now decades-old warning that we are sleepwalking our way deep into the Long Emergency. The longer we delude ourselves and waste our energies in pursuit of reviving the failed "endless growth" model, the farther our journey back to a sustainable way of living will be when our current system collapses. » Read more

Podcast

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Gail Tverberg: Why There's No Economically Sustainable Price For Oil Anymore

Producers need higher prices that the public can't afford
Sunday, October 23, 2016, 1:33 PM

Actuary Gail Tverberg returns to provide an update on where we are in the global energy story. Her outlook is not rosy: she doesn't not see a path for society to transition to an affordable, plentiful substitute to petroleum as a transportation fuel. The physics as well as the funding do not pencil out, at least with today's known technologies. » Read more